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Sep 15, 2012
09/12
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CNN
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two, you need smart political decisions and that's what's lacking in the united states and in europe's capitals. america today is not in a crisis, but it is facing this upcoming economic storm that you people are blowing out of way, by taking crisis-style emergency action this week, like the fed did, it showed that the real problem ailing america today is a complete lack of political will and leadership. in other words, the fed provided cover for washington's useless politicians. so can central banks save the world? yes. but -- and this is a big but -- they can't do it alone. you need the right political decisions as well, and in washington, richard, our politicians have abdicated their responsibility to uphold the public good. richard, your turn. >> well, one's never surprised with the -- with your views, and here we go! the core question, shave or skuper. are the central banks doing what is necessary to prevent a bad situation becoming worse? and the answer is yes, and for one very simple reason. they are the only game in town. you're right, ali, up to a point. the u.s. congress has
two, you need smart political decisions and that's what's lacking in the united states and in europe's capitals. america today is not in a crisis, but it is facing this upcoming economic storm that you people are blowing out of way, by taking crisis-style emergency action this week, like the fed did, it showed that the real problem ailing america today is a complete lack of political will and leadership. in other words, the fed provided cover for washington's useless politicians. so can central...
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Sep 16, 2012
09/12
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CNNW
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but something odd in the united states. we build infrastructure in that country in a more socialist fashion than any other part of the world. >> government builds it. >> government build it, they own it. in other countries, they will build highways, and think about the way airports work now. that's the only place we have a public private ownership. we lease out a lot of it to private operators. we say to them, you pay us something back, we make money, we both win. that's the best way to do it so the government doesn't have to put up that whole trillion dollars. they would probably only have to put up a tenth of it. with money so cheap now, you could borrow essentially at no interest rate. this is the time to do it, and this is also the time to do repairs. >> fareed, thank you for coming. good to see you, as always. >> a pleasure. >>> i'm going to put a price tag on the suggestion that fareed just made. youratching "your money" on cnn. we took the best of the old and combined it with modern technology. together you get quali
but something odd in the united states. we build infrastructure in that country in a more socialist fashion than any other part of the world. >> government builds it. >> government build it, they own it. in other countries, they will build highways, and think about the way airports work now. that's the only place we have a public private ownership. we lease out a lot of it to private operators. we say to them, you pay us something back, we make money, we both win. that's the best...
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Sep 23, 2012
09/12
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CNN
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in fact, the united states is the third largest producer of oil in the world today, and oil production has jumped 13% in the last three years alone, largely due to advances in technology. hydraulics fracking can now extract oil and gas trapped deep in shale rock and deepwater drilling in the gulf of mexico is bringing even more oil to the market. even with those advances, america, the world's biggest consumer of crude oil, still needs more than it produces. 29% of america's imported oil comes from right next door, much of it from the rich oil sands of canada. another 19% comes from mexico and venezuela. only 14% of america's imports actually come from saudi arabia. both president obama and mitt romney want to wean america off its dependency to foreign oil, and they agree that expanding domestic oil production is crucial, but there are key differences in their approaches. >> meeting the goal of cutting our old dependence depends largely on two things. first, finding and producing more oil at home, second, reducing our overall dependence on oil with cleaner alternative fuels and greater
in fact, the united states is the third largest producer of oil in the world today, and oil production has jumped 13% in the last three years alone, largely due to advances in technology. hydraulics fracking can now extract oil and gas trapped deep in shale rock and deepwater drilling in the gulf of mexico is bringing even more oil to the market. even with those advances, america, the world's biggest consumer of crude oil, still needs more than it produces. 29% of america's imported oil comes...
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193
Sep 29, 2012
09/12
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CNNW
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large cities produce 83% of total economic output in the united states. the 30 largest cities account for half of all u.s. gdp. 81% of americans live in urban areas and the population of cities is growing. the urban population increased by 12% between 2000 and 2010. compared with an overall rise of less than 10%. the five fastest growing metro areas are washington, austin, texas, hinesville, georgia, mcallen, texas, and raleigh, north carolina. i want to bring in the professor at the university of toronto and the author of the rise of the creative class revisited. you say cities have become more livable but not all cities are booming. what do the successful cities do right? >> well, i think there's a few things that successful cities do right. the most important thing is that they invest in their human capital. they invest in their talented people. they have great high schools and particularly colleges and universities, but also the best cities are making themselves attractive for highly skilled, ambitious, and entrepreneurial people. they have brought cr
large cities produce 83% of total economic output in the united states. the 30 largest cities account for half of all u.s. gdp. 81% of americans live in urban areas and the population of cities is growing. the urban population increased by 12% between 2000 and 2010. compared with an overall rise of less than 10%. the five fastest growing metro areas are washington, austin, texas, hinesville, georgia, mcallen, texas, and raleigh, north carolina. i want to bring in the professor at the university...
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Sep 2, 2012
09/12
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CNNW
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we've never had less revenue coming into the united states since the korean war. wake up. 15.2% of gdp is the revenue. it's historically been about 19 or 20. so you can't tax your way out of this baby. you can't cut spending your way out of this baby and you can't dream your way out of this baby. you got to get in and do all the heavy lifting. and they won't do it. they being everyone running for public office before november 6. between november 6 and december 31st will be a whirlpool, a cesspool of $5 trillion to $7 trillion floating around in there. if you go too far, you throw into recession. if you go too little, you throw it into recession. merry christmas. it's going to be a lot of fun from now until december 31st. >> from your lips to the voters' ears, senator simpson. a pleasure to hear your straight talk, as always. thanks for joining me. >> sounds like a horse whit perrer in there. >>> fix the debt.org is the website. go to it if you want more information on the simpson/bowles plan or if you would like to sign senator simpson's petition calling on congre
we've never had less revenue coming into the united states since the korean war. wake up. 15.2% of gdp is the revenue. it's historically been about 19 or 20. so you can't tax your way out of this baby. you can't cut spending your way out of this baby and you can't dream your way out of this baby. you got to get in and do all the heavy lifting. and they won't do it. they being everyone running for public office before november 6. between november 6 and december 31st will be a whirlpool, a...
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the labor force participation rate in the united states is at its lowest point since 1981. the economy added 96,000 jobs in august. we need more than twice that number for a meaningful recovery. it isn't what the administration wanted. we heard
the labor force participation rate in the united states is at its lowest point since 1981. the economy added 96,000 jobs in august. we need more than twice that number for a meaningful recovery. it isn't what the administration wanted. we heard
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i think we are all agreed that job creation is at the center of economic growth in the united states, so don, ed, martin, stick around. we're going to continue this conversation after the break. you all know now the unemployment rate in america fell last month but before anyone celebrates, realize this is because many job seekers appear to have left the workforce. i'll show you the hard numbers on whether president obama is a job creation failure or success, after the break. ♪ ♪ [ male announcer ] its lightweight construction makes it nimble... ♪ its road gripping performance makes it a cadillac. introducing the all-new cadillac xts. available with advanced haldex all-wheel drive. [ engine revving ] it's bringing the future forward. makes my taste buds do a happy dance." ha, ok! get ready for more happy dancing 'cause now all our light flavors are 90 calories each. yoplait. it is so good. ♪ yoplait. it is so good. how did the nba become the hottest league on the planet? by building on the cisco intelligent network they're able to serve up live video, and instant replays, creat
i think we are all agreed that job creation is at the center of economic growth in the united states, so don, ed, martin, stick around. we're going to continue this conversation after the break. you all know now the unemployment rate in america fell last month but before anyone celebrates, realize this is because many job seekers appear to have left the workforce. i'll show you the hard numbers on whether president obama is a job creation failure or success, after the break. ♪ ♪ [ male...
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Sep 7, 2012
09/12
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CNBC
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madam chairwoman, delegates, i accept your nomination for president of the united states. now, the first time i addressed this convention in 2004, i was a younger man. a senate candidate from illinois who spoke about hope. not blind optimism, not wishful thinking, but hope in the face of difficulty. hope in the face of uncertainty. that dogged faith in the future which has pushed this nation forward even when the odds are great. even when the road is long. eight years later, that hope has been tested. by the cost of war, by one of the worst economic crises in history and by political gridlock that's left us wondering whether it's still even possible to tackle the challenges of our time. i know campaigns can seem small, even silly sometimes. trivial things become big distractions. serious issues become sound bites. the truth gets buried under an avalanche of money and advertising. if you're sick of hearing me approve this message, believe me, so am i. but when all is said and done, when you pick up that ballot to vote, you will face the clearest choice of any time in a gene
madam chairwoman, delegates, i accept your nomination for president of the united states. now, the first time i addressed this convention in 2004, i was a younger man. a senate candidate from illinois who spoke about hope. not blind optimism, not wishful thinking, but hope in the face of difficulty. hope in the face of uncertainty. that dogged faith in the future which has pushed this nation forward even when the odds are great. even when the road is long. eight years later, that hope has been...